According to the report by Expert Market Research (EMR), the global image guided surgery devices market size reached a value of approximately USD 7.71 billion in 2023. Aided by the growing adoption of minimally invasive surgical procedures and the advancing imaging technologies in healthcare, the market is projected to further grow at a CAGR of 14% between 2024 and 2032 to reach a value of USD 24.26 billion by 2032.
Image-guided surgery devices provide real-time intra-operative images that guide the surgeon in the accurate navigation and manipulation of surgical instruments, contributing to precise and efficient surgical procedures. This technology is primarily used in neurosurgical, ENT, and orthopaedic surgeries, playing a critical role in enhancing patient safety and surgical outcomes. Furthermore, these devices are invaluable in minimally invasive surgeries, providing surgeons with the necessary visual guidance without requiring large incisions.
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The increasing preference for minimally invasive surgical procedures is a significant driver of the global image guided surgery devices market growth. As these procedures typically involve fewer complications, shorter hospital stays, and quicker recovery times compared to traditional surgeries, they have seen growing acceptance from both healthcare providers and patients. This trend has resulted in heightened demand for image-guided surgery devices that allow surgeons to perform these procedures with high precision and safety.
In parallel, advancements in imaging technology in healthcare have significantly contributed to the image guided surgery devices market development. Innovations such as high-resolution 3D imaging, real-time navigation, and the integration of artificial intelligence have greatly enhanced the capabilities of image-guided surgery devices. These advancements allow for better visualisation and guidance during surgeries, leading to improved surgical outcomes and reduced patient risk.
Moreover, the expanding applications of image-guided surgery devices across various surgical disciplines further boost the image guided surgery devices market demand. In addition to neurosurgery, ENT, and orthopaedics, these devices are increasingly used in urology, gastrointestinal surgery, and cardiac procedures, among others. The ability of image-guided surgery devices to enhance surgical precision and reduce procedural complications has made them an essential component in a wide range of surgical practices.
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Finally, the growing demand for efficient and precise surgical solutions in the face of an ageing global population and the rising prevalence of chronic diseases underpins the image guided surgery devices market expansion. Image-guided surgery devices represent an effective tool in the surgical management of various conditions, from tumours and deformities to degenerative diseases and traumas. Their ability to enhance surgical precision while minimising patient trauma positions them well in the rapidly evolving landscape of surgical care.
Image Guided Surgery Devices Market Segmentation
The market can be divided based on device type, application, and region.
Market Breakup by Device Type
• Computed Tomography (CT)
• Ultrasound
• Magnetic Resonance Imaging (MRI)
• X-Ray Fluoroscopy
• Endoscopes
• Positron Emission Tomography (PET)
• Single-Photon Emission Computed Tomography (SPECT)
Market Breakup by Application
• Neurology
• Orthopaedic Surgery
• Ear Nose Throat (ENT) Surgery
• Oncology Surgery
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global image guided surgery devices companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• GE Healthcare
• Medtronic Plc
• Olympus Corporation
• Siemens Healthineers
• Koninklijke Philips N.V.
• Analogic Corporation
• Brainlab AG
• Karl Storz Gmbh & Co. KG
• Stryker Corporation
• Varian Medical Systems Inc.
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